Nick Haward (Southwold) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04283621

Nick Haward (Southwold) Limited

Unaudited financial statements

For the year ended

30 September 2025

Nick Haward (Southwold) Limited

Statement of financial position

30 September 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	15,900	23,850
Tangible assets	6	993,033	989,762
		-----------	-----------
		1,008,933	1,013,612

Current assets

Stocks	7	3,500	8,250
Debtors	8	22,034	32,000
Cash at bank and in hand		82,583	84,157
		---------	---------
		108,117	124,407

Creditors: Amounts falling due within one year	9	( 529,706)		( 542,898)
		---------		---------
Net current liabilities			( 421,589)		( 418,491)
			-----------		-----------
Total assets less current liabilities			587,344		595,121

Provisions

Taxation including deferred tax	( 46,603)	( 46,683)
	---------	---------
Net assets	540,741	548,438
	---------	---------

Capital and reserves

Called up share capital	200	200
Revaluation reserve	150,511	150,511
Profit and loss account	390,030	397,727
	---------	---------
Shareholders funds	540,741	548,438
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Nick Haward (Southwold) Limited

Statement of financial position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

Mr N J Haward

Director

Company registration number: 04283621

Nick Haward (Southwold) Limited

Notes to the financial statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Goose Garden, Blythburgh Priory, Station Road, Blythburgh, Halesworth, Suffolk, England, IP19 9LH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 20 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	Over period of lease
Land and buildings	-	2% straight line
Machinery & equipment	-	20% reducing balance
Fixtures, fittings and equipment	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of employees during the year was 13 (2024: 13 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 October 2024 and 30 September 2025	173,766
	---------
Amortisation
At 1 October 2024	149,916
Charge for the year	7,950
	---------
At 30 September 2025	157,866
	---------
Carrying amount
At 30 September 2025	15,900
	---------
At 30 September 2024	23,850
	---------

6. Tangible assets

	Land and buildings	Machinery & Equipment	Fixtures, fittings and equipment	Motor Vehicles	Investment Property	Total
	£	£	£	£	£	£
Cost
At 1 Oct 2024	262,840	49,163	58,264	32,862	728,000	1,131,129
Additions	–	–	4,464	13,100	–	17,564
Disposals	–	–	–	( 4,295)	–	( 4,295)
	---------	-------	-------	-------	---------	-----------
At 30 Sep 2025	262,840	49,163	62,728	41,667	728,000	1,144,398
	---------	-------	-------	-------	---------	-----------
Depreciation
At 1 Oct 2024	39,944	36,375	38,954	26,094	–	141,367
Charge for the year	4,198	1,995	2,980	914	–	10,087
Disposals	–	–	–	( 89)	–	( 89)
	---------	-------	-------	-------	---------	-----------
At 30 Sep 2025	44,142	38,370	41,934	26,919	–	151,365
	---------	-------	-------	-------	---------	-----------
Carrying amount
At 30 Sep 2025	218,698	10,793	20,794	14,748	728,000	993,033
	---------	-------	-------	-------	---------	-----------
At 30 Sep 2024	222,896	12,788	19,310	6,768	728,000	989,762
	---------	-------	-------	-------	---------	-----------

Investment property is included in the accounts at market value as valued by the directors at 30 September 2025. No depreciation is charged on the land included within freehold land and property.

7. Stocks

	2025	2024
	£	£
Raw materials and consumables	3,500	8,250
	------	------

8. Debtors

	2025	2024
	£	£
Trade debtors	17,146	30,305
Other debtors	4,888	1,695
	-------	-------
	22,034	32,000
	-------	-------

9. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	14,536	13,637
Social security and other taxes	36,235	41,402
Intercompany Account	10,000	–
Other creditors	468,935	487,859
	---------	---------
	529,706	542,898
	---------	---------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	3,200	3,200
Later than 1 year and not later than 5 years	6,400	9,600
	------	-------
	9,600	12,800
	------	-------